Audit of Service tax assessees — Frequency norms

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s ₹ 3 crore or more in the preceding financial year may be subjected to mandatory audit each year. It is preferable that audit of all such units is done by using Computer Assisted Audit Program (CAAP) techniques. The frequency of audit for other taxpayers would be as per following norms:- (i) Taxpayers with Service tax payment above ₹ 3 crores (Cash + Cenvat) (Mandatory Units) - to b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... a quantitative indicator of risk known as a "risk parameter". It is also suggested that the taxpayers whose returns were selected for detailed scrutiny, may not be taken up for audit that year, to avoid duplication of work. Similarly, the taxpayers who have been selected for audit, may not be taken up for detailed scrutiny of their ST-3 Returns during that year.
Circular, Trade Notice, Public .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X